10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-005916`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	lope-20210331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 36 Cash Flow Statement 74 Stockholders Equity 17 Comprehensive Income 6

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.83M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`Investments`	$36.44M	USD	Point-in-time
Investments	`Investments`	$10.84M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$91.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$5.01M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$5.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.63M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.28M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.29M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$763.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.65M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$333.74M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$374.32M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.63M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$128.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$131.93M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$61.02M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$59.43M	USD	Point-in-time
Secured Note receivable, net	`NotesAndLoansReceivableNetNoncurrent`	$964.91M	USD	Point-in-time
Secured Note receivable, net	`NotesAndLoansReceivableNetNoncurrent`	$964.91M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$193.64M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$191.53M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.84M	USD	Point-in-time
Total assets	`Assets`	$1.89B	USD	Point-in-time
Total assets	`Assets`	$1.84B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.22M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$37.31M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$34.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.95M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.41M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$21.18M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.94M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$7.53M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$7.39M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$33.14M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$33.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.81M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$22.03M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$20.29M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$3.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$107.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$56.61M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$55.06M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$66.34M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$74.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$270.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$296.35M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,633 and 53,277 shares issued and 46,382 and 46,649 shares outstanding at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$533.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,633 and 53,277 shares issued and 46,382 and 46,649 shares outstanding at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$536.00K	USD	Point-in-time
Treasury stock, at cost, 7,251 and 6,628 shares of common stock at March 31, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$303.38M	USD	Point-in-time
Treasury stock, at cost, 7,251 and 6,628 shares of common stock at March 31, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$365.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$281.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$282.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-120.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.59B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.89B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$236.93M	USD	1 Quarter
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$221.66M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$32.05M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$26.28M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$60.22M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$61.24M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$42.69M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$47.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.58M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$152.71M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$140.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.23M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$14.71M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$14.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$799.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$216.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$121.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$94.18M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$98.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$22.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.11M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.70	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.50	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.49	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.69	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.08M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.45M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.30M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.76M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$78.11M	USD	1 Quarter
Net income	`ProfitLoss`	$71.39M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.66M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$4.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$5.43M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.78M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.69M	USD	1 Quarter
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-289.00K	USD	1 Quarter
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-65.00K	USD	1 Quarter
Stockholders equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$29.60M	USD	1 Quarter
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$28.45M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$22.79M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.74M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.98M	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$165.00K	USD	1 Quarter
Income taxes	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$1.17M	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$544.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$971.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.71M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.97M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.30M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$19.17M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$8.15M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$6.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$85.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.83M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.91M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.08M	USD	1 Quarter
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$90.00K	USD	1 Quarter
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$56.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$31.34M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.26M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.82M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.88M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$8.29M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$8.29M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$65.71M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$69.34M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.68M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.95M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-73.92M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.94M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.92M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.57M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.49M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.83M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.57M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.49M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.83M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$895.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.55M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$230.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$250.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$876.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$899.00K	USD	1 Quarter
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.78M	USD	1 Quarter
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.59M	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Cumulative effect from the adoption of accounting pronouncements, tax	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$1.17M	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.59B	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$77.99M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.39M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$60.74M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$63.35M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.31M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.98M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.68M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$72.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.59B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-35.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.11M	USD	1 Quarter
Unrealized losses on available-for-sale securities, net of taxes of $35 for the three months ended March 31, 2021	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-120.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$77.99M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.39M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.